Hi Gammat,
I am not down 50% on my investment, where did you get that idea from, I have told you I slowly buy into companies.
I am not fussed about a few HC posters comments, I spends weeks research a company before I make and investment, I knew full well MVC was selling down his holding along with his associates, I also fully understand the issues behind in the inland strands and the delays with the Munglinup project.
I know the companies revenues will all change once they get the inland strands up and running, it has taken them an additional year to resolve the issue, but it will be a game changer for the company along with the magnetic separation plant which its offtake partner is funding.
Anyway, I don't expect you to understand these complicated topics, I know you are only here to bait me. I doubt you understand the largest shareholder was willing to invest nearly $10mil in the company only a few months ago but was prevented by the takeover panel, you really should research companies investors too. it help you in understanding the bigger picture.
BTW MVC is up at court next month, it will be interesting to see if the trust issue is resolved. No doubt you would know MVC has been selling, did ou know his brother who was also on the board of MRC, yet hasn't sold one of his shares?
you might be able to also answer why 10mil shares were transferred from Simto Resources (Owned by the brothers through a trust) into MVC company?
Could it be MVC is down to 10mil shares and his brother gets to keep the other 39 mil?
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